LPD8806 RGB LED Strip - Reverse Engineer (with pics) questions/feedback

Using Arduino LEDs and Multiplexing
45

Just found, the GREELED have new developed LPD8806 RGB LED STRIP, in 60 LEDs Per Meter,
http://www.gree-leds.com/productshow.asp?ArticleID=9YQWYTZR8U
Quite interesting products!